You Can Only Have 35 Non-Accredited InvestorsRule 506(b) allows an unlimited number of accredited investors but restricts you to only 35 non-accredited investors.However, there’s a catch:Non-accredited investors must be financially sophisticated.They must have enough experience to evaluate the investment risks.From the SEC:“Securities may not be sold to more than 35 non-accredited investors… [who] must meet the legal standard of having sufficient knowledge and experience in financial and business matters to be capable of evaluating the merits and risks of the prospective investment.”If you’re planning to include non-accredited investors, make sure they qualify—or you could be violating SEC rules.3.

They must sign the form.The IRS offers an online tool that lets you check if the tax ID the contractor gave you matches the IRS records.

Comps in the last 30 days sold between 90,000-100,000.Any advice on what you guys think would be the best thing to do?

The tenant was paying rent to the previous owner but hasn't been paying rent for a while since the property was foreclosed and sold to the bank.

The property was held for 25 months and sold.

With this being your first purchase, you may want to consider a property that's not being sold at auction. 

Educate yourself with resources like The House Hacking Strategy and practice analyzing deals using tools like BiggerPockets calculators.

I bought vacant land, built a spec home and sold it to an end user.

I would build a very compact one bedroom or two bedroom, I can email you an example from our market that sold.

It has to be sold prior to dissolving the company to clear the debt against it and free up cash.